Future Trend Analysis Report
Prepared for you on Saturday, December 4, 2021.
SOYBEAN OIL Jul 2022 (CBOT:ZL.N22)
Bear Market Rally (-75) - ZL.N22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZL.N22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZL.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.N22
The long-term trend has been DOWN since Dec 1st, 2021 at 55.01
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 57.36
The short-term trend has been UP since Dec 3rd, 2021 at 56.36
Smart Scan Analysis for ZL.N22
Based on our trend formula, ZL.N22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).